Partnership Announcement: Axal Teams Up with MoonPay to Introduce Onchain Earnings through Virtual Bank Accounts via Axal Yield Solutions
Axal, a fintech startup backed by a16z CSX and CMT Digital, has partnered with MoonPay to launch Axal Yield, a groundbreaking savings tool that allows users worldwide to earn onchain yield effortlessly.
By integrating MoonPay’s fiat-to-stablecoin conversion through virtual bank accounts, Axal Yield makes it straightforward for users to move funds onchain and earn passive income in a way similar to traditional savings accounts but with the advantages of DeFi yields and full user custody.
Axal Yield is a new savings tool that enables users to earn onchain yield effortlessly by combining decentralized finance (DeFi) lending strategies with MoonPay's virtual bank account technology. Through this partnership, users can convert fiat currency into stablecoins and then deploy these stablecoins into a diversified portfolio of automated DeFi yield-generating strategies with a single click.
Every deposit into Axal Yield spins up a smart account secured by Trusted Execution Environment (TEE)-enforced signing policies and batched executions, ensuring both enterprise-grade automation and robust asset protection. The platform requires no manual intervention or DeFi expertise, lowering barriers for traditional investors unfamiliar with blockchain technology.
Axal Yield's key features include automated and diversified allocation, competitive yields, ease of use, user control and security, and no gas fees. The smart automation engine continuously rebalances and reallocates capital across top-performing DeFi protocols in real time to optimize returns and manage risk. Users currently earn approximately 6–10% annual percentage yield (APY) on their stablecoin deposits.
Axal Yield's first deployment focuses on a low-risk, diversified lending strategy that dynamically rebalances funds using real-time risk signals. The platform allocates capital across a curated set of strategies spanning lending protocols, liquidity pools, and more. Axal has integrated with leading DeFi protocols such as Morpho, Euler, and Base, with Solana, HyperEVM, and others coming soon.
Axal Yield's virtual accounts make crypto-native deposits as seamless as traditional bank transfers. The entire experience is optimized for simplicity without compromising sophistication, as it requires no user monitoring, reallocation, or network fees. Users of Axal Yield benefit from real-time reconciliation and allocation, fully automated yield routing, and end-to-end transparency and control.
Ivan Soto-Wright, CEO of MoonPay, stated that Axal Yield demonstrates the future of onchain finance: real yield, no middlemen, and full user control. Ash Ahmed, founder and CEO of Axal, added that Axal Yield aims to provide users with full control of their funds while generating meaningful, passive income.
In summary, Axal Yield enables effortless onchain yield generation by automating diversified DeFi lending investments behind the scenes, facilitated by MoonPay’s fiat-crypto infrastructure and secured smart account technology. Users simply deposit fiat or crypto, and Axal Yield handles the rest, providing 6–10% APY stablecoin savings with full control and minimal complexity.
- Axal Yield, a groundbreaking savings tool developed by fintech startup Axal and facilitated by MoonPay, is revolutionizing the industry by enabling users worldwide to earn onchain yield effortlessly.
- The partnership between Axal and MoonPay integrates MoonPay's fiat-to-stablecoin conversion through virtual bank accounts, making it straightforward for users to deposit fiat currency, convert it into stablecoins, and invest in DeFi strategies with a single click.
- Personal-finance enthusiasts can leverage the platform's automated and diversified allocation, competitive yields, ease of use, user control, and security features to generate meaningful, passive income on their stablecoin deposits.
- Axal Yield’s collaboration with fintech innovations such as MoonPay and leading DeFi protocols like Morpho, Euler, and Base, highlights the company's commitment to expanding its presence in the technology-driven personal-finance and fintech space.
